Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Given Consensus Rating of “Hold” by Analysts

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $118.8333.

Several research firms recently weighed in on KOF. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Barclays lifted their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. HSBC reiterated a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Finally, UBS Group increased their target price on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd.

Coca Cola Femsa Stock Down 0.1%

KOF opened at $108.82 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Coca Cola Femsa has a 1-year low of $80.22 and a 1-year high of $116.36. The company has a market capitalization of $182.89 billion, a PE ratio of 17.16, a PEG ratio of 1.33 and a beta of 0.52. The firm’s 50 day simple moving average is $106.58 and its two-hundred day simple moving average is $105.28.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The business had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. As a group, equities analysts forecast that Coca Cola Femsa will post 6.75 EPS for the current year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a $1.1248 dividend. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio is currently 62.15%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Paladin Partners LLC bought a new position in Coca Cola Femsa in the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after acquiring an additional 275 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after acquiring an additional 153 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Coca Cola Femsa during the second quarter worth about $36,000. Finally, Whipplewood Advisors LLC grew its position in shares of Coca Cola Femsa by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after purchasing an additional 388 shares in the last quarter.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.